China Practice

Davis Polk’s respected and long-established practice in China is ideally suited to keep pace with the PRC’s new position as the world’s second-largest economic power. Active in China for nearly a century, we have offices in Hong Kong and Beijing. Through our China practice, which now consists of more than 80 lawyers in the region, including 13 partners and 8 counsel, the firm has been extensively involved in transactions throughout China, with a particular focus on the mainland. Our practice is unique in that we are able to combine our presence and extensive experience in China with a leading global practice in complex, cross-border securities, M&A and strategic investment transactions.

More >

Because of Davis Polk’s integrated, team-oriented approach, we are also able to apply a broad range of the firm's strengths to the matters of our Chinese clients. For example, we have leading practices covering corporate governance, tax and executive compensation matters, all of which play a role in most of the China-related transactions on which we advise.

Davis Polk’s China practice has been the clear leader among these U.S. firms in developing a robust combined U.S. law, HK law and English law platform and in integrating the Asia Pacific practice into our global transactional practice.  Last year, we took the further step of adding to our practice mix the “top tier” group of litigation and enforcement lawyers available in the region.  We now compete directly and quite successfully against the full service international law firms and other incumbent firms across the Asia Pacific region in their most “high value” practice areas. 

< Less

Recognition

CAPITAL MARKETS

  • Band 1, China/Hong Kong Capital Markets: Debt, Equity and High-Yield – Chambers Asia-Pacific 2010-2014
  • "Firm of the Year" (Capital Markets) – Asian Counsel 2014
  • "Equity Deal of the Year" (China Cinda Asset Management IPO) – 2014 China Law & Practice Awards 2014
  • "Debt & Equity-linked Deal of the Year" (Greenland Hong Kong US$700 million bond offering) – 2014 China Law & Practice Awards
  • "TMT Deal of the Year" (Baidu’s acquisition of 91 Wireless) – 2014 China Law & Practice Awards
  • "High-Yield Team of the Year" – 2013 IFLR Asia Awards 
  • "Best Sri Lanka Deal" (National Savings Bank $750 million bond offering) – 2013 FinanceAsia Awards
  • "Best Taiwan Deal" (ASE’s $400 million convertible bond offering) – 2013 FinanceAsia Awards
  • "Legal Innovation in an IPO" (China Cinda Asset Management’s US$2.8 billion Hong Kong IPO) – 2012 Financial Times Asia Pacific Innovative Lawyers Awards
  • “Equity Deal of the Year” (PICC IPO) – 2013 IFLR Asia Awards, 2012 Asian Legal Business China Awards and 2012 Asian Counsel Deals of the Year Awards
  • 1st tier in China Capital Markets: Foreign Firms – IFLR1000 2011-2013

M&A

  • 2nd among U.S. legal advisers in completed Chinese M&A in 2013 – Thomson Reuters

  • “M&A Deal of the Year” and “Deal of the Year” (Dalian Wanda’s acquisition of AMC) – 2013 Asian Legal Business China Award and 2012 Asian Counsel Deals of the Year Awards

  • Two Davis Polk M&A deals were recognized by China Business Law Journal as “2012 Deals of the Year”:

    • Dalian Wanda’s acquisition of AMC – “Outbound M&A Deal of the Year”

    • Privatization of Shanda Interactive Entertainment – “Take-Private Deal of the Year”

  • “China M&A Deal of the Year” (Shanda Interactive Entertainment merger with New Era Investment) – 2012 M&A Atlas Awards

  • “Private Equity Deal of the Year” (Bain Capital privatization of China Fire & Security) – 2012 China Law & Practice Awards

Notable Matters

CAPITAL MARKETS

  • China Everbright Bank ($3 billion). We advised the underwriters in connection with the $3 billion initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A/Regulation S of China Everbright Bank.

  • Forgame Holdings Limited (US$206.4 million). We advised Forgame Holdings Limited, a leading developer and publisher of webgames in China, in connection with its US$206.4 million Rule 144A/Regulation S global offering and Hong Kong listing. 

  • Qunar Cayman Islands ($191.7 million). We advised Qunar Cayman Islands (Qunar) on its $191.7 million IPO of ADSs. Headquartered in Beijing, China, Qunar is the leading search-based commerce platform for the travel industry. 

  • China Cinda Asset Management ($2.5 billion). We advised China Cinda Asset Management in connection with its $2.5 billion initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A/Regulation S.

M&A

  • CNOOC Limited (US$15.1 billion). We advised CNOOC Limited on its approximately US$15.1 billion acquisition of Nexen, an independent, Canadian global energy company.

  • Huai River Investment Limited. We advised Huai River Investment Limited, a subsidiary of Tencent Holdings Ltd., in connection with its investment in Dianping Holdings.

  • Tencent. We have advised Tencent on its strategic partnership with JD.com, a leading online direct sales company in China.

  • China Hydroelectric Corporation. We have advised the Special Committee of the board of directors of China Hydroelectric Corporation in connection with the going-private acquisition of China Hydroelectric by a consortium led by NewQuest Capital Partners and its affiliates.

  • Temasek. We advised Temasek in connection with its affiliate’s investment in TutorGroup Holding, an online educational services provider that provides online tutorials to students primarily in Hong Kong, China and Taiwan.

Long one of the leading U.S. law practices in China, Davis Polk converted its Hong Kong office to a Hong Kong law practice in 2010, adding top-tier Hong Kong and English law capabilities. With the Hong Kong Stock Exchange emerging as the premier listing venue worldwide, this move has given our clients in China a one-stop source for highly sophisticated local and global transactional and corporate law advice. Our lawyers in Hong Kong are admitted in both New York and Hong Kong. We also have lawyers admitted in both Hong Kong and the United Kingdom.

In December 2012, Davis Polk launched its global Enforcement and Litigation practice in Hong Kong with the arrival of partners Martin Rogers and James Wadham, two of Asia’s leading litigators. This will further exemplify the firm’s strategic focus on delivering the best lawyers, providing the most critical advice, to the most sophisticated clients in the world’s major financial centers.

View related articles: